Forerunner Ventures has successfully raised $500 million for its seventh flagship fund, focusing on early-stage consumer companies that leverage artificial intelligence. Founder Kirsten Green emphasized the firm’s strategic investment range of $1 million to $20 million in seed to Series A firms across various sectors, including health, finance, and education. The fund attracted 53 investors, with notable commitments from the Massachusetts Pension Reserves Investment Management Board. Forerunner has a history of backing successful companies like Oura and Chime, contributing to its impressive performance metrics. Since its inception in 2010, the firm has managed $3 billion across over 150 investments.